The Philippines has achieved the upper-middle income status, says the World Bank. – FILE PHOTO MANILA, Philippines – The Philippines is now an upper-middle income country, according to the

The World Bank upgrade marks a long-sought economic milestone for the Philippines, but high prices, underemployment, and income inequality continue to plague millions of Filipinos

Philippines achieves upper-middle income status after years of robust growth. Experts warn the hardest work lies ahead to avoid the middle-income trap.